Investing.com – Industrial new orders in the euro zone rose less-than-expected in November, official data showed on Monday.
In a report, Eurostat said that industrial new orders rose by a seasonally adjusted 2.1% in November, after rising by 1.4% in October.
Analysts had expected industrial new orders to rise by 2.3% in November.
The report also showed that the annualized rate of industrial new orders in the euro zone rose more-than-expected, increasing by 19.9% in November, after rising by 14.8% in October. Analysts had expected the annualized rate of industrial new orders to rise by 17.4% in November.
Following the release of the data, the euro was down against the U.S. dollar, with EUR/USD slumping 0.36% to hit 1.3571.
Meanwhile, European stock markets were mixed: The EURO STOXX 50 dropped 0.15%, France’s CAC 40 shed 0.08%, the FTSE 100 added 0.05%, while Germany's DAX was down 0.35%.
In a report, Eurostat said that industrial new orders rose by a seasonally adjusted 2.1% in November, after rising by 1.4% in October.
Analysts had expected industrial new orders to rise by 2.3% in November.
The report also showed that the annualized rate of industrial new orders in the euro zone rose more-than-expected, increasing by 19.9% in November, after rising by 14.8% in October. Analysts had expected the annualized rate of industrial new orders to rise by 17.4% in November.
Following the release of the data, the euro was down against the U.S. dollar, with EUR/USD slumping 0.36% to hit 1.3571.
Meanwhile, European stock markets were mixed: The EURO STOXX 50 dropped 0.15%, France’s CAC 40 shed 0.08%, the FTSE 100 added 0.05%, while Germany's DAX was down 0.35%.